Price cannibalisation is an emerging threat to the transition to zero-carbon electricity grids, as solar and wind penetrate ever further into the power mix. It is the phenomenon where variable renewables depress wholesale power prices at […]
Participants in global wholesale trading cannot track the origin of fuel they purchase, CEO points out Russian supplies of liquefied natural gas (LNG) may still be shipped to German terminals despite pledges by energy major […]
Wolfsburg plant will produce all-electric Golf model Documents show allocation of production in strategic plan Volkswagen AG is shelving a plan to build a €2 billion ($2.1 billion) factory for an important new electric-car project dubbed […]
The loss of cheap gas from Russia played a part, but decisions in the boom years are now being questioned. For most of this century, Germany racked up one economic success after another, dominating global […]
The EU’s two biggest economies are each angling for an edge Standoff risks undermining efforts to counter the US, China France issued an ultimatum and Germany pushed back in an increasingly bitter standoff that lays bare the disruption […]
BRUSSELS, Sept 21 (Reuters) – Europe’s electricity industry has warned that unprecedented investments are needed to upgrade ageing electricity grids, or the EU will fail to meet its clean energy targets. The European Union’s plans […]
The German government appears to be moving closer to adopting a new multibillion-euro subsidy scheme to compensate industries for high energy costs, although specifics on how such a plan would work and be financed remain […]
European nations continue to find ways to get around their own sanctions on Russian energy imposed in the wake of Moscow’s renewed invasion of Ukraine, with Germany now admitting their imports from intermediary India are […]
Many governments in the Western world have committed to “net zero” emissions of carbon in the near future. The US and UK both say they will deliver by 2050. It’s widely believed that wind and […]
GERMANY: A 6MW geothermal heat pump system capable of supplying over 6,000 households is set to be installed in the Wilhelmsburg district of Hamburg. In an expansion of the current Wilhelmsburg heating network operated by […]
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